Market Sentiment Heats Up: Analysts Target XRP at $7-$10 in 5th Wave Rally

The cryptocurrency market is buzzing with optimism around XRP as technical analysts converge on a bullish thesis. Multiple Elliott Wave experts are pointing to a potential fifth wave rally that could propel the asset toward price targets between $7 and $10—a stunning 120% to 215% upside from current trading levels.

The Setup: Understanding the Current Market Structure

According to leading analyst Mr. Xoom, XRP has transitioned through distinct phases of the Elliott Wave cycle. The most dramatic movement occurred during wave three, when the asset surged from approximately $0.50 in early November to $3.39 by January—a monumental 575% rally. Elliott Wave theory identifies the third wave as the strongest leg of any bullish structure, and this period exemplified that principle perfectly.

Following this explosive advance, the market entered consolidation mode during wave four. Price action pulled back sharply from above $3, dipping below $2 and eventually bottoming around $1.60 in April. This corrective phase, while painful for holders, served its purpose: allowing the market to stabilize before the next leg higher.

Wave Five Takes the Spotlight

The rebound from April’s $1.60 low marks the beginning of wave five—the final phase in the current Elliott Wave sequence. Since bottoming, XRP has staged a powerful recovery, reaching $3.66 in mid-July, a level not touched in nearly eight years. This represents a 129% gain from the April low, cementing the upward structure in place.

Current price action remains constructive. Though the asset has pulled back slightly to $3.21 from July’s peak, the overall technical framework suggests the rally has room to run.

Price Targets: Where This Rally Could End

Mr. Xoom’s primary target sits between $7 and $10 for wave five completion. At $7, XRP’s market capitalization would approach $415 billion—comparable to some of the world’s largest publicly traded corporations. Push higher to $10, and the market cap reaches approximately $600 billion, rivaling payment processing giants like Visa.

These aren’t isolated predictions. Korea’s first certified Elliott Wave analyst, XForceGlobal, predicted similar targets in April, suggesting XRP could break through $10 as the WXY corrective structure completed. Analyst EGRAG independently arrived at a $9-$10 target using Elliott Wave analysis combined with Fibonacci extensions, with an extended bull case pushing toward $27 if momentum accelerates.

Consensus Emerging Across the Market

What’s striking is the convergence of these independent technical assessments. Multiple respected analysts, using different methodologies and timeframes, are reaching comparable conclusions about XRP’s position within the Elliott Wave framework. While wave five won’t necessarily replicate wave three’s explosive gains, the consensus suggests significant upside remains before this market cycle peaks.

The consensus narrative is clear: XRP may be positioned for one final powerful leg higher within the current Elliott Wave structure.